Article: In Hindsight.(In Hindsight)(CVC Capital Partners Ltd. to buy Anheuser-Busch InBev)

Byline: Editorial Staff

PE LAPS UP BREW

CVC Capital Partners' agreement to buy Anheuser-Busch InBev's Central European beer brands for $2.2 billion represented more than just a strategic move to pare the seller's beverage portfolio.

The deal, announced last Thursday by the Luxembourg buyout house, marked the latest private-equity gamble on the beer industry in 2009, as well as another divestiture sale by AB InBev to a financial buyer.

In February, New York's KPS Capital Partners acquired Labatt USA and Genesee Beer maker High Falls Brewing Co. in separate deals.

KPS owns Labatt and High Falls through Rochester, N.Y.'s North ...

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